LI Xuan, VanessaVanessaLI Xuan2025-10-082025-10-082022Li, X. (9 Dec 2022). Impending political promotions and risk-taking: Evidence in China’s banking industry. 2022 AIB Asia Pacific Regional Conference, Ningbo & Hong Kong, China.https://www.ln.edu.hk/oge/f/upload/113724/Extended-Abstracts-Updated-on-9-Dec_compressed.pdfhttp://hdl.handle.net/20.500.11861/25869This study explores the impact of impending political promotions on firms’ risk-taking from the lens of agency theory. Using a sample of China’s local commercial banks (including city and rural commercial banks) from 2007 to 2020, I find that impending political promotions positively affect banks’ risk-taking. I further develop a multi-level framework to examine moderating effects at event and environment levels. I find that the positive impact of impending political promotions on banks’ risktaking is weakened by the continuance of political connections and strengthened by market development. My study opens a new avenue for exploring the role of public agents in affecting risk-taking.enRisk-TakingImpending Political PromotionAgency TheoryPolitical ConnectionsInstitutional EnvironmentConference Paper